State Codes and Statutes
Statutes > Missouri > T19 > C301 > 301_568Exchange of motor vehicles between dealers, registration not required,when.
301.568. New motor vehicles may be exchanged for resale fromone new motor vehicle franchised dealer to another who isfranchised to sell the same make of new motor vehicles byassignment of the manufacturer's statement of origin. Suchexchange shall not be deemed to be a sale and shall not requirethe motor vehicle dealer to register and make application for acertificate of ownership as set out in this chapter. However,when an exchange by assignment of the manufacturer's statement oforigin is between a new motor vehicle franchised dealer andanother motor vehicle dealer who has a franchise for a differentmake of motor vehicle or a motor vehicle dealer who is not a newmotor vehicle franchised dealer, the transaction shall be deemeda sale and shall void the resale of that motor vehicle as a newmotor vehicle, and it shall be unlawful for any motor vehicledealer to hold forth, offer for sale, advertise or sell suchmotor vehicle as a new motor vehicle. A motor vehicle dealershall not assign ownership on any vehicle in a retail sale by theassignment of a manufacturer's statement of origin unless he isenfranchised by the manufacturer to sell that particular make ofvehicle; however, this provision shall not take effect if themotor vehicle dealer and the manufacturer are in the process ofnegotiating a new franchise agreement, or the motor vehicledealer has filed a timely protest to the manufacturer or appealedunder section 407.825, RSMo, of the motor vehicle franchisepractices act. The provisions of this section shall not apply tomobile homes or trailers.
(L. 1988 H.B. 1512 § 10)Effective 1-1-89
